M/24/029 – Apax Partners/Zellis
Transaction details
The proposed acquisition by Apax Partners LLP through its special purpose vehicle, Zorro Bidco Limited, of the entire issued share capital and thus sole control, of Zellis Topco Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday May 7, 2024 | Thursday, May 23, 2024 |
| Parties Involved | Business activities |
|---|---|
| Apax Partners LLP | Apax Partners LLP is a UK limited liability partnership and the parent of a number of entities which provide investment advisory services to private equity funds investing in a range of industry sectors. |
| Zorro Bidco Limited | Zorro Bidco Limited is a special purpose vehicle incorporated specifically for the purposes of the Transaction. |
| Zellis Topco Limited | Zellis Topco Limited is the holding company of a group of software companies that provide payroll, HR, benefits management solutions and services and related IT services, in particular, business process outsourcing. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, May 21, 2024 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Éadaoin Burns | eadaoinburns@ccpc.ie |
Media enquiries: communications@ccpc.ie
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